Escorts MF revises exit load in two schemes

MUMBAI: Escorts Mutual Fund has revised exit load in Escorts Income Bond Fund and Escorts Gilt Plan with effect from April 15, 2011. The fund house will charge 1 per cent as exit load if units are redeemed within 1 year from the date of allotment in Escorts Income Bond Fund. Escorts Gilt Plan will not charge any exit load.

Earlier, both the schemes charged 0.50 per cent as exit load if units were redeemed within 6 months from the date of allotment. Both the schemes are managed by Sanjeev Sharma.